Heightened interest has driven long/short product development, leading to the growth of the Morningstar Alternative Category, Long/Short Equity in the years since the 2008 financial crisis. There continues to be a wide performance difference between the top performing and bottom performing fund in the category. Advisors interested in evaluating and comparing long/short equity funds will need to focus on educating themselves on how products differ.

Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-800-582-6959. Read it carefully before investing.